Bitcoin is currently hovering near critical support levels between $105,000 and $103,000. A drop below this crucial zone could trigger a significant market downturn. The broader crypto market is experiencing an extended sell-off that has seen Bitcoin’s price fluctuate from $111,814 to the range of $104,060–$105,800. Recent analysis highlights the importance of these support levels, as a break below could lead to increased volatility impacting other crypto assets. 7-day market activity suggests over $211 million in long BTC positions have been liquidated, signaling potential for continued market volatility. Bitcoin’s June performance historically shows mid-year pullbacks. This might signal the possibility of testing previous Fibonacci retracement levels before an upward trend resumes. Experts are closely monitoring key support levels around $103,000 and below.